The Indiana Pacers formally completed a previously agreed-to deal on Thursday night that sends center Roy Hibbert to the Los Angeles Lakers in exchange for a future second-round draft pick, according to NBA.com.

Reports first surfaced on July 4 that the two teams had reached an agreement in principle on Hibbert. The transaction was prevented from formally occurring before July 9 due to the NBA free-agency moratorium.

Pacers president of basketball operations Larry Bird thanked the 7'2" product out of Georgetown for his contributions during his time with the team.